Retained vs. Contingency

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Retained vs. Contingency Search Comparison

To best utilize the service provided by OOL, we offer the best solution when:

A newly created position requires exhaustive research, and market penetration to provide the selection committee adequate information to properly define a profile and to promote a role.
A confidential replacement search must be conducted in a timely, discrete manner.
Targeted search requiring a comprehensive investigation of your direct competitors' talent pool.
A talent search is required to supplement succession planning and growth strategies.
A senior level role is open, and the organization must be represented in a professional, courteous, and discreet manner.

Why use executive search?
A client company wants to assure maximum contact with the qualified candidate pool. A high level executive will most likely explore an opportunity if a corporation is represented by a firm with an exclusive retained contract arrangement. An executive should be confident that any dialogue with a retained firm will be discreet, confidential, and efficient.

	RETAINED	CONTINGENCY
Fee:	Fee paid to search firm by the employer during search process	Fee contingent on the successful placement of the candidate

Process/Issues:	Exclusive assignment with client	Typically not an exclusive contract arrangement with client
	Salary level $120,000+	Salary level $30,000+
	Primary visit to the client location	Job order sent by client
	Provides client with comprehensive consulting and reporting: resume, references, interview, reports.	Forwards resume and perhaps a brief on a candidate
	Exclusive opportunities offered to a candidate	Candidates exposed to many opportunities
	Confidentiality is guaranteed	Confidentiality could be at risk
	Presents 3-5 qualified candidates	Will send numerous candidates for client to filter
	Manages closing negotiations	Potential conflicts between firms or firms/clients, candidates presented to multiple organizations
	Firm assures "Off-limits" policy with client companies	n/a
	One year guarantee on the placement of the candidate	Typically 30-90 days